Has ETH exhausted his ascending movements? (Ethereum price analysis)

ethereum has entered a consolidation phase after a short -term recovery, with the price that stops below the key resistance levels. However, taking into account the feeling of the market, the asset could be on the verge of a deeper decrease.

Technical analysis

By Edrakhshi

The daily table

The daily eth table shows that the price is still struggling to break over the resistance zone of $ 2,200. The recovery of the minimum of $ 1,800 has lost impulse, and eth continues to operate well below the 200 -day mobile average, which is about $ 2,900.

The RSI is also cooling just below the level of 50, which reflects a lack of strong tendency direction. For buyers to recover control, eth must close above $ 2,200 and continue around $ 2,400. If it does not, it risks slow bleeding to the support zone of $ 1,800- $ 1,900.

The 4 -hour table

Within 4 hours, ethereum is now broken below the lower limit of the ascending channel, indicating a potential change in the short -term trend. The breakdown of this growing structure around the $ 2,000 mark shows that the bullish impulse has weakened, and buyers could not defend the support of the channel.

In addition, the RSI is in a trend down, reinforcing the bearish pressure. If this breakdown is celebrated, eth could visit the demand zone of $ 1,900 below. A recovery would be needed above $ 2,100 to neutralize the bearish structure, but as it is, the risk of greater inconvenience is increasing.

Feelings analysis

By Edrakhshi (TrainingRage)

Premium Coinbase (30 -day EMA)

The Coinbase Prima Index remains in negative territory, indicating that ethereum is still quoting with a discount on Coinbase compared to other important exchanges. This suggests that investors based in the United States, often seen as institutional or more conservative, show a limited or even distribute demand.

The persistent negative premium generally reflects the interest of the weak market of the US market, which can weigh on the price action, especially during the uncertain market phases. Until this positive turns and is maintained, it indicates a lack of strong accumulation driven by the point and adds to the bearish tone in the current eth environment.

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